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Jérôme Kerviel

8 years ago

Rogue trader Jérôme Kerviel hands himself in to French authorities

Jérôme Kerviel, the most spectacular rogue trader in financial history, surrendered himself to French police on Sunday evening (May 18) and should start a three-year prison sentence for forgery and breach of trust, after walking hundreds of miles through Italy in a “march against the markets”.

Kerviel, 37, caused his bank, Societe Generale, losses of 4.9bn euros (4.1 billion euros; USD6.7 billion) in 2008 and was sentenced by French courts to a three-year jail term.
He was detained by police after crossing the border on foot from Italy, just ahead of a midnight deadline.
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